Nov 11th, 2008 · Fannie Mae and Freddie Mac have announced new plans to expand and accelerate their loan-modification programs. Under the plan, the mortgage giants will speed up renegotiation on thousands of delinquent loans that they hold.
Oct 14th, 2008 · Sen. John McCain has unveiled a package of economic measures that includes capital gains tax cuts, a cut on the tax for some early 401(k) and IRA withdrawals, as well as more on his plan to renegotiate troubled mortgages. Douglas Holtz-Eakin, senior policy adviser to the McCain campaign, offers his insight on the plan.
Oct 8th, 2008 · At Tuesday night's presidential debate, Republican John McCain proposed that the government spend up to $300 billion to renegotiate mortgages on better terms for struggling homeowners.
Jun 10th, 2008 · Presumptive Republican presidential nominee John McCain said today that rival Barack Obama was bad for business. McCain told a gathering of small-business owners that Obama's economic proposals would result in higher taxes and steeper overhead costs. He also faulted Obama's pledge to renegotiate NAFTA.
Apr 23rd, 2008 · Home mortgage lenders acknowledge that lowering borrower's interest rates can prevent foreclosures, but new numbers released Tuesday tell a different story. Despite efforts to motivate lenders to renegotiate subprime loans, only a small proportion of borrowers have actually been able to renegotiate their mortgages.
Mar 24th, 2008 · JPMorgan Chase increases its bid from $2 to $10 per share, appeasing angry Bear Stearns stockholders who had threatened to block the sale. The move cheers U.S. markets, which posted substantial gains on Monday. The Federal Reserve approves the renegotiated deal.
Mar 4th, 2008 · Federal Reserve Chairman Ben Bernanke told a roomful of bankers Tuesday that they need to do more to help troubled borrowers. Banks have been giving borrowers who are about to default more time to make payments and are renegotiating interest rates in some cases, but few banks have considered reducing the principal owed.
Feb 27th, 2008 · One of the issues Democratic presidential candidates Hillary Clinton and Barack Obama debated Tuesday is the North American Free Trade Agreement. Both candidates say NAFTA needs to be renegotiated. David Wessel of The Wall Street Journal talks to Renee Montagne about the candidates' positions on trade.